After the Tata small car project
at Singur, West Bengal will now set up its first auto components manufacturing
park spread over 500 acres near Guptamoni in West Midnapore district. The
state''s commerce and industry minister Nirupam Sen said the government was in
talks with the developer, the Bengal Shristi Group, to finalise the details of
the project. Bengal
Shrishti is in talks with some German companies that are interested in setting
up manufacturing units in the park, which is likely to get SEZ status, though
no final decision has been taken on the issue. The developer will go in for direct
purchase of land for the project, Sen told the media in Kolkata on Tuesday 16
October. A 16-member
German delegation comprising members of the German engineering federation Verband
Deutscher Maschinen und Anlagenbau (VDMA) was in Kolkata on Tuesday to explore
business opportunities. This was their first stop in the country. VDMA
comprises 3,000 manufacturing companies. The delegation represented various sectors
like machine tools, chemical industry, software and other industries. Sen pointed
out that his government provided incentives, including concessions in fixed capital
investment and VAT. There could even be further incentives on a case-to-case basis,
he said. Last
year, the manufacturing sector in the state grew by about 9.7 per cent. The minister
also talked about the investment that the state was attracting, especially in
the iron and steel industry, as well as the food-processing and petrochemical
sectors. The
managing director of VDMA''s trade wing, U Ackerman, who heads the delegation,
said that with most companies vying for China, India is an emerging destination
for German investment. Germany is India''s biggest machinery supplier. Exports
from Germany to India rose from €1.5 billion to €2.5 billion in 2006.
September.
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